What was the amount of depreciation and amortization for Big Blue Swim School in 2022?

According to Big Blue Swim School's 2025 Franchise Disclosure Document, there was no amortization expense recorded for the year ended December 31, 2022. The document specifically states that amortization expense amounted to $64,249 for the year ended December 31, 2024, but clarifies that there was no such expense for the years ended December 31, 2023, and 2022.

This means that for the 2022 fiscal year, Big Blue Swim School did not recognize any expense related to the amortization of its assets. Amortization is the process of spreading the cost of an intangible asset over its useful life, similar to depreciation for tangible assets. The absence of amortization expense in 2022 could indicate that the company did not have any amortizable assets during that period, or that these assets were not yet subject to amortization.

Prospective franchisees should note that while there was no amortization expense in 2022, this does not necessarily mean that there will be no such expenses in future years. As Big Blue Swim School acquires more amortizable assets, such as software or intellectual property, amortization expenses may arise. It's important for potential franchisees to review the company's financial statements and notes to understand the nature and extent of its assets and related expenses.